BANCOLOMBIA SA | CIK:0001071371 | 3

  • Filed: 4/30/2018
  • Entity registrant name: BANCOLOMBIA SA (CIK: 0001071371)
  • Generator: DataTracks
  • SEC filing page: http://www.sec.gov/Archives/edgar/data/1071371/000114420418023396/0001144204-18-023396-index.htm
  • XBRL Instance: http://www.sec.gov/Archives/edgar/data/1071371/000114420418023396/cib-20171231.xml
  • XBRL Cloud Viewer: Click to open XBRL Cloud Viewer
  • EDGAR Dashboard: https://edgardashboard.xbrlcloud.com/edgar-dashboard/?cik=0001071371
  • Open this page in separate window: Click

    • ifrs-full:DisclosureOfDetailedInformationAboutBorrowingsExplanatory

    As of December 31, 2017 and 2016, the composition of the borrowings from other financial institutions measured at amortized cost is the following:
     
    Borrowings from other financial institutions
    December 31, 2017
    December 31, 2016
    In millions of COP
    Obligations granted by domestic banks
    5,863,702
    5,616,934
    Obligations granted by foreign banks (1)
    7,958,450
    13,288,909
    Total
    13,822,152
    18,905,843
     
    (1)
    The Bank has recognized a financial liability with BAM Financial Corporation (BFC) amounting to USD 243.2 million as of December 31, 2017 and USD 251.5 million as of December 31, 2016, due to its obligation to pay cash in future to purchase the non-controlling shares of Grupo Agromercantil Holding. The Bank will reclassify the liability to equity if the put expires unexercised. For further information see Note 8.3. Acquisition of Grupo Agromercantil Holding (GAH).